Examples

Let me give you an example: in Daimler-Benz a labour representatives sit on the board; however, in return, labour chiefs display an extraordinary flexibility when dealing with management, accepting, in one case, not just the use of the corporate jet but also female escorts.

Daimler, which is also the world's largest truck maker, said it also planned to boost production of its Western Star heavy-duty trucks at its Portland, Ore., plant, creating 350 new jobs by the end of 2012.

J.P. Morgan adds, referring to Daimler's guidance, "premium car market fundamentals, especially pricing, must be in good shape if Mercedes can promise resilient earnings before interest and tax margins in what should be the toughest year of its product cycle."